The stock of AEterna Zentaris Inc. (TSE:AEZ) gapped up by $0.05 today and has $10.88 target or 100.00% above today’s $5.44 share price. The 9 months technical chart setup indicates low risk for the $58.73M company. The gap was reported on Oct, 18 by Barchart.com. If the $10.88 price target is reached, the company will be worth $58.73M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 60,356 shares traded hands or 126.31% up from the average. AEterna Zentaris Inc. (TSE:AEZ) has risen 6.64% since March 11, 2016 and is uptrending. It has outperformed by 1.16% the S&P500.
Another recent and important AEterna Zentaris Inc. (TSE:AEZ) news was published by Businesswire.com which published an article titled: “Aeterna Zentaris and Specialised Therapeutics Asia Sign Exclusive License …” on October 12, 2016.
Aeterna Zentaris Inc. is a specialty biopharmaceutical firm engaged in developing and commercializing treatments in oncology, endocrinology and women’s health. The company has a market cap of $58.73 million. The Firm operates through the biopharmaceutical segment. It currently has negative earnings. The Firm is engaged in drug development activities and in the promotion of products for others.
AEZ Company Profile
Mercer International Inc., incorporated on July 12, 2005, is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Firm operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. The Firm also produces and sells tall oil, which is used as both a chemical additive and as a green energy source. The Firm operates over two mills in Eastern Germany and approximately one mill in Western Canada, which generates and sells surplus energy to regional utilities. The Company’s NBSK pulp mills include Rosenthal mill, Stendal Mill and Celgar Mill. The Company’s NBSK pulp mills has an annual production capacity of approximately 1.5 million air-dried metric tons (ADMTs) of NBSK pulp and generates over 305 megawatts (MW) of electricity. The Company’s subsidiaries include Zellstoff Stendal GmbH, Zellstoff Celgar Limited Partnership and Zellstoff-und Papierfabrik Rosenthal GmbH.
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